From The Boston Globe:
Pebblebrook To Buy W Hotel in Boston
The luxury W Hotel is being sold today, less than a year after its developer filed for bankruptcy protection because of slow sales of the condominiums in the Theatre District complex. Pebblebrook Hotel Trust, a Maryland-based investment firm, is buying the hotel from developer SW Hotel Venture LLC for $89.5 million, according to documents filed in US Bankruptcy Court today. Pebblebrook is not buying the portion of the complex with the 123 condominiums. The unsold condo units will still be under the control of SW Boston, a subsidiary of Sawyer Enterprises. Click here for the full story.